Part of the plan would replace the "people movers" which shuttle passengers.
Princeville located below the Tar River has experienced repeated flooding since it was incorporated in 1885.
Douglas Emhoff also visited a Durham elementary school and said his goal is to help eradicate lead pipes and the dangers that come with them.
The funding was made possible through a bipartisan government funding package signed into law by President Biden.
Officials said their mission for the partnership is to make Fort Liberty safer for everyone.
The future route between Raleigh and Richmond has been praised by both Republicans and Democrats.